A because you invest money into the bank, and eventually the deposits add up to a lot of money.
Answer:
the opportunity cost of attending college for one year is $33,000
Explanation:
The computation of the opportunity cost is shown below:
= Full time job + health and retirement benefits
= $20,000 + $5,000 + $8,000
= $33,000
hence, the opportunity cost of attending college for one year is $33,000
We simply added the above 3 items so that the correct value could come
And ignored the college tuition fees
Answer: a. retained earnings was overstated and liabilities were understated.
Explanation:
Dividends are paid from the Retained Earnings so when a company announces a dividend, that dividend is to be deducted from the Retained earnings. As this was not done, the Retained earnings at year end are overstated.
As the dividends are not paid immediately, they become liabilities. With the relevant entries not made, the dividends were not recorded as liabilities which makes liabilities understated.
Answer:
A) remains unchanged at 40.
Explanation:
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real exchange rate = (Nominal exchange rate x Price of the foreign basket) / (Price of the domestic basket)
the price of the US basket did not change over the couse of the year while the basket of indian goods increased by 25%
We plug this into the formula and obtain:
real exchange rate = 50 x 1/1.25 = 40
